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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Unbound Group Plc | LSE:UBG | London | Ordinary Share | GB0003085445 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMUBG
RNS Number : 4337F
Unbound Group PLC
21 March 2022
Unbound Group plc
Notification and public disclosure of transactions by persons discharging managerial responsibilities
Grant of Performance Share Awards
Unbound Group plc (the "Company") announces that it has awarded nil cost options over ordinary shares of 25 pence each in the Company (the "Awards") in accordance with the terms of the Unbound Group plc 2021 Long-Term Incentive Plan to the following Persons Discharging Managerial Responsibilities (PDMRs):
Participant Position No. of Shares under Award Ian Watson Chief Executive Officer 882,033 ------------------------- -------------------- Dan Lampard Chief Financial Officer 508,365 ------------------------- --------------------
The Awards were granted as Performance Share Awards on 18th March 2022.
The Vesting Date of each Performance Share Award shall be 18th March 2025 and the Exercise Period of each Performance Share Award shall expire on 17th March 2032. A one-year Holding Period applies to each of the Performance Share Awards.
The Vesting of each Performance Share Award is subject to performance conditions as determined by the remuneration committee. These performance conditions and their relative weighting are:
-- Annual Compound Total Shareholder Return percentage ('TSR') over the three years to the year ending January 2025 (weighting 50%): Vesting will start from a threshold at 40% pa, with maximum vesting at 70% pa
-- Earnings Per Share in the Year to January 2025 (weighting 50%): Vesting will start from a threshold of 18.60 pence per share, with maximum vesting at 22.74 pence per share
In both cases the awards will pay out on a straight line basis from 33% of the maximum award on achievement of the threshold performance and 100% of the maximum award on achievement of the maximum performance.
The awards were quantified, and the opening position for calculation of TSR performance conditions set, with reference to the average closing share price of the share of the company during the month of February 2022 of 55.27 pence per share.
A summary of the terms governing the Unbound Group plc 2021 Long-Term Incentive Plan can be found in the Company's admission document.
ENQUIRIES
Unbound Group plc
Dan Lampard
020 3874 8300
Stifel Nicolaus Europe Limited (Nomad and corporate broker)
Ash Burman, Nick Adams, Stewart Wallace, Francis North
020 7710 7600
Vico Partners
Sofia Newitt
020 3957 5045
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Ian Andrew Watson -------------------------- -------------------------------------- 2 Reason for the notification ------------------------------------------------------------------ a) Position/status Executive Director -------------------------- -------------------------------------- b) Initial notification Initial notification /Amendment -------------------------- -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------ a) Name Unbound Group plc -------------------------- -------------------------------------- b) LEI 213800MPTI1NH8POK154 -------------------------- -------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------ a) Description of the financial instrument, type of instrument Ordinary 25p shares Identification code GB0003085445 -------------------------- -------------------------------------- b) Nature of the transaction Grant of options under the Unbound Group plc 2021 Long-Term Incentive Plan -------------------------- -------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 882,033 ---------- -------------------------- -------------------------------------- d) Aggregated information - Aggregated volume 882,033 ordinary shares of 25 pence - Price each Nil consideration -------------------------- -------------------------------------- e) Date of the transaction 18 March 2022 -------------------------- -------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- -------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Daniel Lampard -------------------------- --------------------------------------- 2 Reason for the notification ------------------------------------------------------------------- a) Position/status Executive Director -------------------------- --------------------------------------- b) Initial notification Initial notification /Amendment -------------------------- --------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------- a) Name Unbound Group plc -------------------------- --------------------------------------- b) LEI 213800MPTI1NH8POK154 -------------------------- --------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------- a) Description of the financial instrument, type of instrument Ordinary 25p shares Identification code GB0003085445 -------------------------- --------------------------------------- b) Nature of the transaction Grant of options under the Unbound Group plc 2021 Long-Term Incentive Plan -------------------------- --------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 508,365 ---------- -------------------------- --------------------------------------- d) Aggregated information - Aggregated volume - Price 508,365 ordinary shares of 25 pence each Nil consideration -------------------------- --------------------------------------- e) Date of the transaction 18 March 2022 -------------------------- --------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- ---------------------------------------
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END
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March 21, 2022 05:38 ET (09:38 GMT)
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